ICICI Bank shares dip after AGM as selling pressure builds
The stock opened at ₹1,420.50, touched an intraday high of ₹1,425.50, and slipped to a low of ₹1,414.00 through the morning session
Shares of ICICI Bank experienced a slight decline on Monday morning following its annual general meeting (AGM) as selling pressure intensified. The stock was trading at ₹1,414.90, down ₹5.10 or 0.36 percent from its previous close of ₹1,420.00. Despite reporting a strong net profit of ₹15,440.06 crore for Q1 FY2026-27, which marked a 13.88 percent year-on-year increase, the stock has underperformed in the medium term, returning 1.51 percent over the past year compared to the Nifty 50's 2.64 percent gain.
ICICI Bank's stock is currently trading at a price-to-earnings ratio of 18.17 and remains below its 52-week high of ₹1,480.00, reached on July 20, 2026. The bank's performance has been largely range-bound, with the Bank Nifty facing resistance at the 57,800-58,000 zone and trading cautiously ahead of a potential breakout above 58,000.
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